Warren Buffett walks the floor ahead of the Berkshire Hathaway Annual Shareholders Meeting in Omaha, Nebraska on May 3, 2024.
Warren Buffett's Berkshire Hathaway has reduced its stake in Bank of America to below 10% amid a selling spree that started in mid-July.
Buffett watchers won't find out the Oracle of Omaha's next moves for a while. The next 13F filing in mid-November will only reveal Berkshire's equity holdings as of the end of September. Berkshire remains BofA's biggest institutional investor.
Shares of the bank have inched up about 1% in the past month despite Berkshire's selling. Bank of America CEO Brian Moynihan previously said the market is absorbing the stock, aided by the bank's own repurchasing.
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